The cargo and logistics division of Etihad Aviation Group, Etihad Cargo, has announced impressive results for H1 2022. The company has achieved a revenue growth of 6 percent year-on-year compared to the corresponding period for the previous year, and has contributed to 35 percent of the operating revenue of Etihad Aviation Group.
Etihad Cargo, in addition to an overall revenue increase, reported a Delivered as Promised rate of 86 percent, which reflected an increase of 2 percent compared to its results in 2021. The company also recorded an 83 percent freighter On Time Performance (OTP) rate amid a challenging handling environment across its network.
Etihad Cargo posts impressive growth across premium product segments
The premium products segment of Etihad Cargo witnessed impressive growth in the first half of 2022. PharmaLife, the award-winning pharmaceutical shipment solution from the company, increased its performance by 46 percent compared to the corresponding period last year.
The company had introduced a number of new developments that contributed to enhancing the capabilities of its PharmaLife solution. This included improved thermal covers that significantly increased the protection of pharmaceutical cargo during loading and offloading from aircraft. The cargo company also recorded a performance increase of 52 percent for its LiveAnimals solution. This solution offered by the company has been awarded the International Air Transport Association’s (IATA’s) Center of Excellence for Independent Validators Live Animals certification for 2022.
Senior Vice-President, Global Sales and Cargo of Etihad Aviation Group, Martin Drew, said that the growth achieved by the company across PharmaLife and LiveAnimals solutions was made possible by the dedication and commitment of multiple teams that take pride in delivering world-class cargo solutions to its customers. He also said that the group’s commitment to expanding capabilities was illustrated by the carrier’s continued investment in infrastructure and solutions that ensure the safe transportation of cargo in compliance with international norms.
In conclusion, Drew added that following the positive mid-year results, the company remained committed to working in tandem with customers and partners to ensure that the carrier remained their air cargo partner of choice. He said that the company would continue to expand its operations and add more routes to supplement the capacity demands from customers.
The carrier’s network currently provides cargo capacity to 79 destinations across Europe, Africa, Asia, Australia and the Americas with 564 weekly rotations.